something new!
#81
Posted 18 May 2015 - 01:33 PM
johngeorge
#82
Posted 18 May 2015 - 02:04 PM
#83
Posted 18 May 2015 - 02:48 PM
#84
Posted 19 May 2015 - 10:58 AM
Edited by dharma, 19 May 2015 - 10:59 AM.
#85
Posted 19 May 2015 - 11:47 PM
Dharma they are proposing something similar here but for other reasons.the big talk is electronic money. if it is instituted it will be to prevent bank runs.
govt will then decide what you can spend your money on.
i would think this will bring gold to the fore. but we shall see
the present rally is a bit long in the tooth, a correction is necessary , it may have just begun
dharma
1) No transactions above Euro 70.00 without using debit or credit cards in the islands to prevent tax evation during the tourist high season. Imagine the local fisherman arriving at the island's port and having to accept credit cards to sell his fish. Crazy world, crazy people.
2) Buying anything in Greece and paying cash the VAT (sales tax) will be 18%
Paying with plastic the VAT will be 15%. Imagine having to buy a souvlaki with pita or a cheese pie in the streets (cost about euro 2.00) and asking to pay by plastic.
These are still proposals still to be accepted by the so called "Institutions" read Troika, a forbidden word by the new Government to use nowdays.
-tria
In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.
"You miss 100% of the shots you don't take."
~ Wayne Gretzky
#86
Posted 20 May 2015 - 10:58 AM
thanks tria, the laws are made by politicians(lawyers) not business people= the result will be more of a slowdownDharma they are proposing something similar here but for other reasons.the big talk is electronic money. if it is instituted it will be to prevent bank runs.
govt will then decide what you can spend your money on.
i would think this will bring gold to the fore. but we shall see
the present rally is a bit long in the tooth, a correction is necessary , it may have just begun
dharma
1) No transactions above Euro 70.00 without using debit or credit cards in the islands to prevent tax evation during the tourist high season. Imagine the local fisherman arriving at the island's port and having to accept credit cards to sell his fish. Crazy world, crazy people.
2) Buying anything in Greece and paying cash the VAT (sales tax) will be 18%
Paying with plastic the VAT will be 15%. Imagine having to buy a souvlaki with pita or a cheese pie in the streets (cost about euro 2.00) and asking to pay by plastic.
These are still proposals still to be accepted by the so called "Institutions" read Troika, a forbidden word by the new Government to use nowdays.
-tria
well jaitley is going ahead w/his plan of giving interest on any gold over 30gms deposited w/them curious to see if any indians go for this
http://retail.econom...eather/47340502
then there is this scheme
more of the pieces are coming together, but its still not time. i think 15 will be better than 14 , but nothing to jump up and down about
fed minutes come out today. so i am waiting for the usual response in gold
dharma
Edited by dharma, 20 May 2015 - 10:58 AM.
#87
Posted 21 May 2015 - 10:35 AM
#88
Posted 22 May 2015 - 10:53 AM
david stockman http://video.cnbc.co...ideo=3000381558
paper currencies are a confidence game. it all works until confidence is lost. i read this , this am Consumer Comfort is now the lowest it has been since Dec
when the confidence is lost in the cbs its game , set, and match
i read this http://gracelandupda...ay22soros11.png
it seems to me this correction is ending. monday, holiday, is the bradley
miners givng ground grudgingly
dharma
there are just so many spinning plates.